The Fed used to be profitable, earning tens of billions of $$$ per year, most of which it sent to the US Treasury.

The Fed used to be profitable, earning tens of billions of $$$ per year, most of which it sent to the US Treasury.

Now the Fed is spending $700 million PER DAY with reverse repos and paying interest on reserves. That is being sent to commercial banks. This is the only thing keep… https://t.co/yLJYxR0fpf

— Wall Street Silver (@WallStreetSilv) November 13, 2023